Uninsurable Title Cannot Be Ignored Much Longer Without Devastating Consequences for the Housing Market and Rule of Law

This author, Abigail Field, a lawyer and columnist for the Daily Finance, really captures the issues succintly and well  Read her piece on clouded title caused primarily by Wall Street, the TBTF banks and their lawyers,  securitization, the mortgage crisis, improper foreclosures in unprecented numbers, and failure of the regulators and government. 

She explains how no settlement with the servicers can solve the issue of uninsurable title.

The full piece is here or below:

http://www.dailyfinance.com/story/credit/why-the-foreclosure-mess-settlement-proposal-cant-fix-the-damag/19884063/?icid=sphere_copyright

And the indomitable Yves Smith at Naked Capitalism concurs with this article

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s